ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Nagarjuna Fertilisers, Godfrey Phillips India, Goodlass Nerolac Paints

NAGARJUNA FERTILISERS Lower Production THE Hyderabad-based Nagarjuna Fertilisers once again witnessed a drop in its profitability in 1997-98. After its net profit dropped significantly in 1996-97, the company seems to have been unable to change the trend. In fact, while net sales had improved in the previous year, it actually dropped by 13.7 per cent in 1997-98. It was all downhill from there. While operating profit declined by 30.3 per cent over the same period, net profit was lower by 24.3 per cent. This despite a drastic fall in depreciation (down 92.2 per cent) and tax provision (down 63.7 per cent). Though earnings per share declined from Rs 4.9 to Rs 3.7, the company maintained the dividend rate at 18 per cent.

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